Allete, Inc. (ALE) said Tuesday that it has agreed to buy U.S. Water Services, Inc., an integrated industrial water management company.
Allete will initially purchase 87% of U.S. Water for $168 million, based on a total implied enterprise value of $194 million. Current employees and management of...
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Graco Inc. (GGG) reported fourth quarter EPS of $0.80 after the bell Monday, compared to $0.71 in the previous year. The consensus estimate was for EPS of $0.84.
Graco gapped open lower Tuesday morning and has continued to decline in early trade. The stock is now down 4.57 at $72.60 and has dropped to a 3-month low.